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Jiangxi Hongdu Aviation Industry (SHSE:600316) Is Looking To Continue Growing Its Returns On Capital
Beyond Lackluster Earnings: Potential Concerns For Jiangxi Hongdu Aviation Industry's (SHSE:600316) Shareholders
Jiangxi Hongdu Aviation Industry Q3 Profit Surges 439%, Revenue Soars 750%
Jiangxi Hongdu Aviation Industry Co., Ltd. Report for the third quarter of 2024
Jiangxi Hongdu Aviation Industry (600316.SH): net income for the first three quarters was 14.2194 million yuan, a year-on-year increase of 59.91%.
On October 29, Jiangxi Hongdu Aviation Industry (600316.SH) announced that the company achieved revenue of 3.029 billion yuan in the first three quarters, an increase of 58.47% year-on-year; the net income attributable to equity holders was 14.2194 million yuan, an increase of 59.91% year-on-year. Among them, the net income attributable to equity holders in the third quarter was 10.675 million yuan, an increase of 439.26% year-on-year. The main reason for the increase in net income in the third quarter is that the base number in the same period last year was relatively small, leading to a significant change in the percentage; the company paid land value-added tax in the same period last year, but not in this reporting period; during this reporting period, the company has shown improvement in the delivery of main products, expense control, and other aspects.
It is expected that relevant national authorities will establish a low-altitude economic regulatory bureau.
①The establishment decision has been approved, and the new bureau is currently in preparation; ② The low-altitude economy set up a dedicated bureau, which can better coordinate resources at all levels to promote industrial development.
Jiangxi Hongdu Aviation Industry Co., Ltd. (SHSE:600316) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely
